Government is likely to approve a hike in Dearness Allowance (DA) to 107 per cent from the existing 100 per cent, benefiting around 30 lakh Centre’s employees and its 50 lakh pensioners including dependents. “The average rate of retail inflation for industrial workers from July 1, 2013 to June 30, 2014 works out to be 7.25 per cent. Thus the Central Government will hike Dearness Allowance for it employees by 7 per cent,” an official said. He said the Finance Ministry will now put a Cabinet proposal for approval of 7 per cent DA hike from July 1 this year as the revised Consumer Price Index-Industrial Workers data for June was released by Labour Ministry yesterday. With increase in DA, the pensioners will also gain as the benefit provided to them as dearness relief will be hiked to 107 per cent of basic pay. The previous UPA Government had increased DA to 100 per cent from 90 per cent with effect from January 1, 2014, on February 28 on the basis of agreed formula for revision of the allowance. However, the Central Government Employees’ Union is not very enthused by the 7 per cent hike in the Dearness Allowance as their long pending demand of merger of DA with basic pay has not been given heed by 7th Pay Commission and the Government. “The erosion of value of wages is unbearable at 50 per cent dearness allowance. Now it will be 107 per cent. It is high time to merge DA with basic pay to provide relief to employees,” Confederation of Central Government Employees’ President K K N Kutty told. “We had summited our memorandum in this regard to 7th Pay Commission. They forwarded it to Central Government. We have apprised about the issue to the newly elected NDA Government. But no decision has been taken so far,” he said. With merger of DA with basic pay, the salary and allowances paid in proportion of basic pay are increased. As per earlier practise DA was merged with basic pay once it breached 50 per cent mark. But 6th Pay Commission has disallowed that. (PTI) Share this: Share With Posted on 1/09/2014 by Dailyexcelsior This entry was posted in Todays story . Bookmark the permalink. Natrang stages ‘Zameen Ka Sawaal’... 2 killed, 4 injured as Maruti car plunges into ... Homeopathic Medical Association of India lists... Govt duty bound to implement pact of previous ... Teenage girl gang-raped, four held... Two more arrested for damaging petrol pump, veh... Identify land for old age homes: DB... Rajendra reviews security arrangements for Pre... Musical session at Gopinath Ashram... Industrialist Kuldeep Dogra passes away... Purmandal area plunges into darkness... PDP to give suitable, accountable Government: Bhas... ReZs’ Forum condemns statement of Agricultu... Resolve employees’ issues without delay: Fe... GDC Dharmari holds week long plantation drive... PHE workers on 2-day strike... State Art World Heritage Nature Food Shelf Life Style Travelogue Healthline Fashion Science & Technology Career & Education Bollywood Buzz Bookreview Tourism Sports Sacred Space Results & Lists Real Estate Brides Grooms Obituaries Employment Tender Miscellaneous Education Editorial Upgrading sports facilities No criminals in ministries Develop sports under a plan Deferred payments Non-existent schemes Employment opportunities Ladakh connectivity Toward “Skilled India” Markets NASDAQ 4580.271 S&P 500 2003.37 Infosys Limited A 59.50 Gcg12.cmx 0.00 ^nsebank 0.00 Intel Corporation 34.92 Google Inc. 571.60 Weekly Special Advertise With Us Tariff Plans Home About Us Opinion Archive Section Suggestions Send Mail Mailbag Old Archive Air Rail Timing Weather Disclaimer Terms of Use Privacy Policy Pay Online Click here to Bookmark Weekly Sunday Magazine All Your Answers Cipher - Decipher Inner Voice Sports Quiz Subscribe As a subscriber, you will have full access to all of our Newsletters and News Bulletins. Click here to make Daily Excelsior your default homepage Edited, Printed, Published by Kamal Rohmetra and owned by Excelsior. Executive Editor Neeraj Rohmetra. Printed at K.N. Modern Printers and Excelsior Printer Pvt Ltd, Janipura, Jammu and published from EXCELSIOR HOUSE, Janipura, Jammu 180007 (J&K). Phones: +91-191 2537055, +91-1912537901, +91-191 2539178. Fax: +91-191-2537831 Daily Excelsior Srinagar office: 2 Partap Park Srinagar Phones:+91-194 2450213 Copyright © 2014 DailyExcelsior All Rights Reserved. Designed Developed & Hosted by Pugmarks.
Posted on: Mon, 01 Sep 2014 15:18:37 +0000
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